2.22 Corporation Tax QIPS have been in year repayments produced by large businesses. The re re payments are derived from estimations associated with income tax obligation, ahead of the real taxable profits being understood. Because of the uncertainties of calculating the total amount payable, a lowered price of belated re payment interest is charged and a greater price of payment interest is compensated by HMRC before the accounting that is normal re re payment date is reached. The actual tax liability can be established and the standard HMRC interest rates apply at this point.
2.23 For agreement settlements (see glossary in Annexe D) yet another 1% interest is charged in situations involving instalments, to pay for the excess risks and expenses included over a payment period that is extended.